I could not find many reliable flipcovers for Lumia 540. A few I could gather are -

1. Fabcase Leather Belt flipcover pouch It is available from Indiacod.com at Rs. 190. Though it does not have great looks, yet offers durability. I could not find any of the other flipcover apart from thus one for Lumia 540.Live....and Let Live!

Here are some of the best flip covers for your Lumia 540. You can buy any of those given below from varios online mega stores.

1. Sma Flip Case For Nokia Lumia 540 Mobile Front And Back Flap Folio CoverIt is available to buy on SnapDeal. You can buy this product from this link:- "http://www.snapdeal.com/product/sma-flip-case-for-nokia/678453930012?utm_source=earth_feed&utm_campaign=12_676&utm_medium=102971067&vendorCode=Sf0d2b". It is available to buy in Black color and just at Rs. 259 selling price. The delivery of your product is expected to be in 4-8 days. You have cash on delivery option with this product. It adds a stylish look to your smartphone. It protects your smartphone from various common damages. It is very easy to apply and use. It got 4.6 rating out of 5.

2. ORIGINAL FLIP CASE COVER NOKIA MICROSOFT LUMIA 540 FC-540It is also available in Black color and it is imported by HCL. It comes with just a price tag of Rs. 499+25 for delivery. You can buy this from ebay.in. You can buy this now at this link:- "http://www.ebay.in/itm/121692211628?". You can pay for it with Credit card, EMI, Debit card, Online Bank Transfer or cash on delivery. It comes with no warrant card. It completely gets fit to your smartphone and makes a good grip. It adds a stylish look to your Nokia smartphone. It protects your smartphone from various common damages.

3. Noise Nokia Lumia 540 Journey of Love Printed CoverYou can buy this from Amazon.in. You can buy this now at this link:- http://www.amazon.in/Noise-Nokia-Lumia-Journey-Printed/dp/B00XMTV6PY". It is specially made for Nokia smartphones. It comes with the price tag of Rs. 499+50 for delivery. It looks stylish. It has smooth finishing. It has the ability to absorb shocks and thus protects your device to some extent. It is very slim and light in weight. It has a print on its back which just looks very awesome.Regards,Aman